Notable Analyst Rating Changes 11/13: LVS, PTR, STZ Upgraded; GA, JCP, CTCM Downgraded

November 13, 2008 9:42 AM EST

UPGRADES:
Banc of America upgrades Las Vegas Sands (NYSE: LVS) from Sell to Neutral.

Citi upgrades PetroChina (NYSE: PTR) from Sell to Hold.

UBS upgrades Constellation Brands (NYSE: STZ) from Neutral to Buy, citing valuation after 52% slide in the last two months. UBS lowered their price target from $24 to $17.

For daily real-time Upgrades go to http://www.streetinsider.com/Upgrades

DOWNGRADES:
Piper Jaffray & Co. downgrades Giant Interactive (NYSE: GA) from Buy to Neutral. Price target lowered from $11 to $6.

Morgan Stanley downgrades JC Penney (NYSE: JCP) from Overweight to Equal-weight

J.P. Morgan downgrades CTC Media (Nasdaq: CTCM) from Overweight to Neutral.

For daily real-time Downgrades go to http://www.streetinsider.com/Downgrades

NEW COVERAGE:
Goldman Sachs initiates coverage on Garmin Ltd. (Nasdaq: GRMN) with a Neutral rating.

Jefferies initiates American Express (NYSE: AXP) with an Underperform and a $17 target, citing higher funding costs and deteriorating credit performance.

J.P. Morgan initiates coverage on Atheros (Nasdaq: ATHR) with a Neutral rating.

For daily real-time New Coverage go to http://www.streetinsider.com/New+Coverage


Related Categories

Special Reports

Stocks Mentioned

ATHR 19.47

+0.01 +0.05%
Volume: 2,088,166
Track ATHR

AXP 26.26

+3.26 +14.17%
Volume: 443,816
Track AXP

CTCM 10.92

-0.80 -6.83%
Volume: 419,498
Track CTCM

GA 25.01

+16.86 +206.87%
Volume: 442,236
Track GA

GRMN 23.72

-0.33 -1.37%
Volume: 1,944,851
Track GRMN

JCP 27.28

-1.32 -4.62%
Volume: 4,406,052
Track JCP

LVS 7.36

-0.34 -4.42%
Volume: 11,378,663
Track LVS

PTR 28.73

-83.94 -74.50%
Volume: 437,978
Track PTR

STZ 29.79

+16.18 +118.88%
Volume: 440,670
Track STZ


Related Entities


Add Your Comment